Financial Performance - Revenue for the first quarter of 2024 was CNY 37,408,861.71, a decrease of 22.22% from CNY 48,094,541.33 in the same period last year[10] - Net profit attributable to shareholders was a loss of CNY 6,723,794.01, representing a decline of 215.48% compared to a profit of CNY 5,822,360.91 in Q1 2023[10] - The company reported a significant decrease in other income, down 88.19% to CNY 307,197.13, reflecting fewer government subsidies received[12] - Total operating revenue for Q1 2024 was ¥37,408,861.71, a decrease of 22.1% compared to ¥48,094,541.33 in Q1 2023[33] - The total comprehensive income for Q1 2024 was a loss of ¥6,723,794.01, compared to a gain of ¥5,822,360.91 in Q1 2023[34] - Operating profit for Q1 2024 was a loss of ¥6,810,639.29, contrasting with a profit of ¥6,778,450.13 in Q1 2023[34] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 44,315,215.29, a decrease of 504.36% from CNY 10,959,442.05 in the previous year[10] - Operating cash flow for Q1 2024 was negative at -44,315,215.29 CNY, compared to a positive 10,959,442.05 CNY in Q1 2023, indicating a significant decline in operational performance[39] - Total cash inflow from operating activities decreased to 12,915,113.55 CNY in Q1 2024, down 76.1% from 53,481,326.73 CNY in Q1 2023[39] - Cash outflow from operating activities increased to 57,230,328.84 CNY in Q1 2024, up 34.7% from 42,521,884.68 CNY in Q1 2023[39] - Cash and cash equivalents decreased to 112,886,994.66 CNY from 159,749,002.16 CNY, representing a decline of about 29.4%[27] - The net increase in cash and cash equivalents for Q1 2024 was -46,862,007.50 CNY, contrasting with a positive increase of 19,907,317.37 CNY in Q1 2023, highlighting a challenging financial environment[39] Assets and Liabilities - Total assets increased by 3.97% to CNY 488,215,742.20 as of March 31, 2024, compared to CNY 469,582,248.90 at the end of 2023[10] - The company's asset-liability ratio increased to 46.76% from 43.21% year-on-year[10] - Current liabilities rose to ¥177.41 billion in Q1 2024, up from ¥151.67 billion in Q4 2023, marking an increase of about 17.0%[28] - Total liabilities increased to ¥228.27 billion in Q1 2024 compared to ¥202.92 billion in Q4 2023, reflecting a growth of approximately 12.5%[29] - Shareholders' equity decreased to ¥259.94 billion in Q1 2024 from ¥266.66 billion in Q4 2023, a decline of about 2.5%[29] Accounts Receivable and Inventory - Accounts receivable increased by 416.17% to CNY 36,193,840.45 due to an increase in received bills during the reporting period[11] - Inventory rose by 35.41% to CNY 116,952,082.46, attributed to increased costs of goods sold and production[11] - Accounts receivable increased to ¥91.52 million in Q1 2024 from ¥84.77 million in Q4 2023, representing a growth of about 7.5%[30] - Inventory rose significantly to ¥114.57 million in Q1 2024 from ¥84.54 million in Q4 2023, an increase of approximately 35.5%[30] Expenses - Sales expenses increased by 51.91% to CNY 7,320,054.11, primarily due to higher sales service fees[12] - Research and development expenses increased to ¥2,765,412.59 in Q1 2024 from ¥2,546,881.00 in Q1 2023, reflecting a growth of 8.6%[33] - Sales expenses rose sharply to ¥7,320,054.11 in Q1 2024, up 52.0% from ¥4,818,611.22 in Q1 2023[33] Shareholder Information - The major shareholders include Ningxia Shared Group with a 23.18% stake and Sun Wenjing with a 17.58% stake, collectively holding 59.83% of shares[19] - There are no reported legal disputes or external guarantees affecting the company during the reporting period[23] Related Party Transactions - The company has projected a maximum of 2,000,000 CNY for related party transactions in 2024, with actual transactions amounting to 36,499.12 CNY in the first quarter[24] - The company has established a related party transaction framework, ensuring timely disclosure and compliance with internal procedures[24]
巨能股份(871478) - 2024 Q1 - 季度财报